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A+
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$370,000

642 Lcr 402, Groesbeck, TX, 76642

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,176 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$73.07 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Dryer, Gas Cooktop, Convection Oven, Plumbed For Ice Maker, Washer
FlooringConcrete, Laminate, Other

Exterior

Lot Size4 acres

Building Information

Year Built1996
Garage Spaces2

Land Information

APNR12050
Land UseResidential
Legal DescriptionA029G A VARELA-GROESBECK, ACRES 4
Census Tract970600
Assessed Land Value$36,100
Assessed Improvement Value$190,000
Assessment Year2024

About this property

Selling this custom home AS-IS with 4 Acres that will need a new survey. Home was originally built by an engineer in 1996. Home is structurally sound with slab foundation and brick construction. Home has not been updated since original build year of 1996 seller understands that their will need cosmetic updates. Wonderful opportunity to live on the border Groesbeck and Mexia, TX. Groesbeck ISD. Old Fort Parker is walking distance along with Lake Limestone, perfect for any family looking for a remodel opportunity to be in close proximity to natural wonders of Limestone County and Groesbeck ISD. Seller is willing to negotiate more acreage if buyer needs more land.

Investor Tools

Property Icon
$370,000
Estimated Property Value
$176,739Estimated Mortgage Balance
$214,918Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$482/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,940
$226,100
2024
$36,100
$190,000
$226,100
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,940
$226,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nations Reliable Lending Llc
Fha
$176,739
Yes
First
Feb 3, 2020
Mar 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,082
$214,918
58%
42%
$1,060/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Groesbeck

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642 Lcr 402 | Property Details | No Agent List